Wrapports in talks with tronc, runs ad seeking other buyers
May 17, 2017
Publishing | Chicago, IL | Corporate Acquisition
Wrapports has agreed to sell the Chicago Sun-Times and several other newspapers to tronc (NASDAQ: TRNC), owner of the rival Chicago Tribune, by June 1 unless another buyer comes forward. On Tuesday, the Sun-Times ran a full-page ad seeking new ownership in compliance with a request from the US Department of Justice's Antitrust Division. The acquirer has agreed to operate the Sun-Times as a separate unit. Shares of tronc closed down 6% on Tuesday.